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Advanced / Transformational Technology

Cargo Delivery From Space Startup Inversion Raises $44 Million In Funding Round

By Cal Biesecker

Wednesday, November 20th, 2024

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Cargo Delivery From Space Startup Inversion Raises $44 Million In Funding Round

Inversion Space's first-generation re-entry capsule, Ray. Photo: Inversion Space

A small company developing space-based vehicles that can store cargo in orbit for delivery to Earth on demand has raised $44 million in a Series A funding round that will let it further scale up operations to include additional hiring and development of its Arc reentry vehicle. The funding raise for Inversion Space was co-led by Spark Capital and Adjacent, with participation from Lockheed Martin’s [LMT] venture arm, Kindred Ventures, and Y Combinator. The Los Angeles-based startup raised $10 million…

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